Bursa Malaysia Launches FTSE4Good Bursa Malaysia Shariah Index to Develop Shariah-Compliant Sustainable Investment in Malaysia

Bursa Malaysia and FTSE Russell have launched the FTSE4Good Bursa Malaysia Shariah (F4GBMS) index on the 5th of July 2021, which is designed to track Shariah-compliant constituents in the FTSE4Good Bursa Malaysia (F4GBM) index.

Why it Matters?

The newly-launched F4GBMS index will serve as a basis for fund managers to develop new investment products made up of a portfolio of Shariah-compliant equities guided by sustainable investing principles. The new index is a Shariah version of the F4GBM index, which plays a vital role in recognising public-listed companies that have taken steps to improve their environmental, social and governance (ESG) practices and disclosures. According to Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia, the...